Proficio Capital Partners LLC Sells 356 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Proficio Capital Partners LLC cut its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 7.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,157 shares of the company’s stock after selling 356 shares during the period. Proficio Capital Partners LLC’s holdings in Builders FirstSource were worth $806,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of BLDR. Massachusetts Financial Services Co. MA lifted its holdings in shares of Builders FirstSource by 339.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,180,358 shares of the company’s stock worth $163,373,000 after acquiring an additional 911,990 shares during the period. Robeco Institutional Asset Management B.V. grew its position in shares of Builders FirstSource by 109.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 904,600 shares of the company’s stock worth $175,366,000 after buying an additional 473,238 shares during the period. Bessemer Group Inc. grew its position in shares of Builders FirstSource by 477,028.7% during the 1st quarter. Bessemer Group Inc. now owns 448,501 shares of the company’s stock worth $93,535,000 after buying an additional 448,407 shares during the period. Clearbridge Investments LLC acquired a new stake in shares of Builders FirstSource during the 2nd quarter worth approximately $49,000,000. Finally, Oakworth Capital Inc. bought a new position in Builders FirstSource during the 3rd quarter worth approximately $40,955,000. 95.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BLDR has been the topic of several recent analyst reports. The Goldman Sachs Group began coverage on shares of Builders FirstSource in a research note on Thursday, October 10th. They set a “buy” rating and a $225.00 price objective on the stock. Barclays lifted their price target on shares of Builders FirstSource from $182.00 to $211.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Bank of America boosted their price objective on shares of Builders FirstSource from $165.00 to $198.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th. Stephens boosted their price objective on shares of Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Jefferies Financial Group boosted their price objective on shares of Builders FirstSource from $185.00 to $223.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Five equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Builders FirstSource currently has a consensus rating of “Moderate Buy” and a consensus target price of $206.47.

Builders FirstSource Trading Down 0.5 %

Shares of Builders FirstSource stock opened at $178.35 on Friday. The firm has a 50-day moving average of $184.79 and a 200-day moving average of $168.38. The stock has a market cap of $20.52 billion, a PE ratio of 17.42, a PEG ratio of 10.48 and a beta of 2.08. Builders FirstSource, Inc. has a 52-week low of $120.80 and a 52-week high of $214.70. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.14 and a current ratio of 1.77.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 earnings per share for the quarter, missing the consensus estimate of $3.09 by ($0.02). Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The firm had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same period in the prior year, the company earned $4.24 EPS. The company’s revenue for the quarter was down 6.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Builders FirstSource, Inc. will post 11.64 EPS for the current year.

Builders FirstSource declared that its board has approved a share repurchase program on Tuesday, August 6th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to reacquire up to 5.3% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In related news, Director Cleveland A. Christophe sold 10,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $178.41, for a total transaction of $1,784,100.00. Following the completion of the sale, the director now owns 33,083 shares of the company’s stock, valued at $5,902,338.03. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.80% of the stock is currently owned by company insiders.

About Builders FirstSource

Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, floor trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.